New Delhi, Oct 31 (PTI) The Enforcement Directorate (ED) on Tuesday said it seized cash and gold worth more than Rs 60 lakh after it conducted searches against an alleged narcotics trafficker, Ali Asgar Shirazi, and some others in Mumbai.

The ED case, filed under the Prevention of Money Laundering Act (PMLA), stems from a Mumbai police FIR. Police had booked Shirazi and some linked persons in a case of seizure of 15.74 kg ketamine (an anaesthetic category of drug) amounting to Rs 7.87 crore, the central agency said in a statement.

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The ED said its probe found that huge cash deposits were made in the accounts linked to Shirazi and related persons and entities, which prima facie appeared to be "illegal money earned via selling of drugs".

Cash worth Rs 5.50 lakh, gold worth Rs 57.11 lakh, digital devices including mobile phones and laptops, and "incriminating" records were seized during four rounds of raids undertaken in Mumbai during this month, it said.

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(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)